https://seekingalpha.com/article/4564777-capital-one-danger-will-robinson-danger
7 replies (most recent on top)
Ge-z. Lot of a$$holes in these comments…
don't worry a bank run will fix all tha
Yes, capital one will be one day go down like SVB because of the following reasons:
- people waste too much time in meetings, it is a norm to invite everyone to stupid meetings, it is normal to 20 attendees in any meetings
- too much emphasis on DEI and transgender
- Useless appraisal system, team members spend weeks twice in a year writing 360 feedback, which nobody reads
- unnecessary non working days, there is one Friday every month called Invest in yourself, basically a holiday, so imagine 12 extra holidays in a year multiply with the number of people how many man days wasted
- the vacations are not tracked, people take a week off nearly every month, if you are in good books of your manager, nobody cares
- Unnecessary conferences like Data week, Product con etc. nothing comes out of these conferences just waste of time
- working from home, when I worked there I felt that my devs were on multiple jobs, they were never available, team members have to come to office including the west coast jokers
There is so much flab, they eliminated ADLs who were actually trying to bring about changes, the entire workforce need to be cut by 50% including the top management for it to work efficiently.
If they do not make these changes Capital 1 will go down very soon.
When it goes insolvent and seized by the regulators all execs will be fired and the bank will be sold off to pay off its depositors. It will fix the performance calibrations all together.
Inclusion? It's the opposite of inclusion when they're creating groups for minorities (non Caucasian)!
Cap1 is also heavy into Diversity, Inclusion and Equity, looks like bad days are ahead for it. It is hiring wrong kind of people and laying off good people. There will be consequences and delivery 2.0 does not look too good.
Explains why they are trying to cut cost by laying off employees and closing down centers.
Unfortunately, they are firing the wrong people in the process. So, if they survive a bank run, they won't be able to react to future needs.
Keeping my fingers crossed 🤞